The ISO code of Tokelau is TK according to the ISO 3166 standard. The local name of the country is the same as its English name. People in Tokelau speak the Tokelauan language. On 1 April 1709, Tokelau emerged as a sovereign political entity. In the year 04/01/1709, Tokelau emerged as a sovereign political entity.
Tokelau is located in the UTC +13:00 time zone, which is also called Tokelau Time or TKT. The internet country code top-level domain (ccTLD) for Tokelau is .tk. The International dialing code for Tokelau is 690. People in Tokelau drive on the left side of the road. Total land area of Tokelau is 12 km² (approx. 5 mi²). Tokelau is not a landlocked country. It means that is is bordered by at least one major body of water.
Tokelau is located in Oceania. Tokelau is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life.
Currently Tokelau faces various issues, including limited natural resources and overcrowding are contributing to emigration to New Zealand.
Doing business in Tokelau
We offer various corporate services in Tokelau jurisdiction. These services can serve both, people coming from Tokelau and foreigners. If you plan on doing business in Tokelau you might be interested in contacting us.
To find out about starting your business in Tokelau click on company formation in Tokelau.
To find out how to open a bank account in Tokelau and moreover what type of account Confidus Solutions suggests to create, please click on bank account in Tokelau.
Choose preferred service below or continue reading to find out more about Tokelau.
Demographics of Tokelau
The total population of Tokelau is 1,319 people. In Tokelau, the population density is 141 people per square kilometer (367 per square mile). Because of this statistic, this country is considered to be densely populated. Tokelau has approximately 487 foreign immigrants. The median age is approximately 24 years. In Tokelau, 61 in every 100 people use internet. Tokelau has a Human Development Index (HDI) of 0.473.
The majority religion of Tokelau is Christianity, Tokelau is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Click on a link to read more on demographics of Tokelau.
Culture of Tokelau
People in Tokelau speak the Tokelauan language. One of the most popular national dishes of Tokelau is ota marinated raw fish. To read more click on culture of Tokelau.
Geography of Tokelau
Tokelau is considered to be a large nation because of its total area. Its total land area is 12 km² (approx. 5 mi²). Tokelau is located in Oceania. Tokelau has no land borders.
The highest point of Tokelau is an unnamed location, with its official height being 5 m (16 ft). Including land mass and EEZ, the total area of Tokelau is approximately 12,057 km² (~4,655 mi²). To read more click on geography of Tokelau.
Economy of Tokelau
The currency of the country is New Zealand dollar. The symbol used for this currency is $, and it is abbreviated as NZD. 5% of population in the country are unemployed. The total number of unemployed people in Tokelau is 66. Each year, Tokelau exports around $0 billion and imports roughly $0 billion. The Gini Index of the country is 38.39. Tokelau has a Human Development Index (HDI) of 0.473.Tokelau is considered to be a developing nation. The developmental stage of a nation is determined by a number of factors including, but not limited to, economic prosperity, life expectancy, income equality, and quality of life. Major industries in the country are small-scale enterprises for copra production, woodworking, plaited craft goods, stamps, coins, fishing.
The total Gross Domestic Product (GDP) assessed as Purchasing Power Parity (PPP) in Tokelau is $0 billion. Personal income tax ranges from 5% to 25%, depending on your specific situation and income level. To read more click on economy of Tokelau.
Infrastructure of Tokelau
There are 2,069 internet hosts in Tokelau.
The number of road motor vehicles per 1000 inhabitants in Tokelau is 174. To read more click on infrastructure of Tokelau.
Politics of Tokelau
Tokelau, is a constitutional monarchy. The head of the government is Elizabeth II.
According to the World Bank Group, the government effectiveness index of Tokelau is -1.26. This indicates that the government of Tokelau is ineffective. Public and civil services are severely handicapped, leading to potential for social and political upheaval.In Tokelau, the legislative power is vested in a Parliament. To read more click on politics of Tokelau.
Environment of Tokelau
Tokelau emits 0.3 metric tons per capita of CO2. The number of road motor vehicles per 1000 inhabitants in Tokelau is 174. To read more click on environment of Tokelau.
Company formation in Tokelau
The development of telecommunications and economic globalization has made it possible for interested investors to form companies around the world. With proper research, financial investments, and legal backing, business ventures can safely be established in Tokelau.
When establishing a company in Tokelau, an interested investor must do due diligence with regard to legal processes, international regulations, and sufficient investment for success. It is critical to understand cultural, social, and political factors of Tokelau that will affect the establishment and growth of one's business. Contact us or click on company formation in Tokelau to read additional information when setting up a business.
Bank account opening in Tokelau
With the right paperwork and initial outlay, it is possible for a foreign citizen to open a bank account in Tokelau. This opportunity for international accounts and investments offers several advantages based on economic regulations and tax structures. Interest rates and fees vary depending on your interests.
When considering opening a bank account in Tokelau, one must enlist the help of international experts to guide them through the process. To find out more about our banking services click on bank account in Tokelau or contact us.